Indian indices trace the path of its global peers
Considering the global economic problems, forecast for global growth which includes India and China have been brought down. There is a serious risk aversion by the investors; it seems that safety of capital remains the primary motive. And going by recent statements from the economic experts, the trend is unlikely to reverse in near-term.
Tracking the worldwide slaughter, Indian indices too are falling, meanwhile silver and gold has gained for this reason. Volatility has increased and it is expected to remain elevated. If long-term investors have cash then they can invest as some of the stocks will be available for cheap. Momentum investors and short-term investors should wait and watch for a clear picture. They should only invest if they have some confidence on the direction of the market.
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